Airbnb files preliminary paperwork for public stock offering
Airbnb filed preliminary paperwork to sell company stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business.
Aug 20, 2020
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Page 16 - News tagged with second quarter
Business
Poll: Pandemic shifts how consumers use gig companies
When ride-hailing heavyweights Uber and Lyft and delivery giants Grubhub and Instacart began making shared rides and meals available with a few taps on a smartphone, they transformed the way people work, travel and get food ...
Aug 19, 2020
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Business
American considering cutting flights to many smaller cities
American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an airline executive familiar with the matter said Thursday.
Aug 14, 2020
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Internet
Facebook reports progress catching hate speech
Facebook on Tuesday reported progress in catching abusive content on the platform as it relied more on automated systems during the pandemic.
Aug 11, 2020
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Business
For-profit media model has collapsed, expert says
The for-profit media model has collapsed, and newspapers have not been able to craft a digital response, says Penelope Abernathy, former vice-president of the Wall Street Journal and New York Times, and a University of North ...
Aug 7, 2020
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Business
Uber lost $1.8B in 2Q as riders stayed home and ordered in
Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus.
Aug 7, 2020
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Business
Lufthansa warns of forced layoffs on virus turbulences
German airline giant Lufthansa said Thursday that demand for air travel will return to pre-crisis levels only in 2024 or even later as it announced forced layoffs on the back of a significant loss.
Aug 6, 2020
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Business
Toyota warns of 64% drop in full-year net profit
Toyota on Thursday warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market.
Aug 6, 2020
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Business
NYTimes wins new digital subscribers as ad revenue craters
The New York Times Co.'s digital transformation continued during the second quarter, with its online subscription and ad revenue now exceeding its print revenue, even as the economic aftershocks of the coronavirus pandemic ...
Aug 5, 2020
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Business
Most airlines expect job cuts over next 12 months: survey
Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association said Wednesday, citing an internal survey.
Aug 5, 2020
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